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20130801
20130831
Search Results 0 to 25 of about 26 (some duplicates have been removed)
of detroit could be getting much needed financing. the emergency manager for the bankrupt city issued requests for propels totaling $350 million in loans, so-called debt tore in possession financing. most of the money would be used to pay merrill lynch to end a complicated swaps deal related to bonds it once issueed to finance pensions for retired city workers. it's very complicated. the rest will pay bills to keep the city services operating. >>> a lot of detroit area workers getting a shot in the arm today. ford began making the top-selling fusion sedan in the u.s. for the first time ever. it's 1,400 new jobs to a plant in michigan just outside the motor city. the ceo moved production there from a factory in mexico saying the new plant will turn out more carps and help the company meet rising demand. >> well, we don't have a lot of capacity left but pretty much sized to what will be longer term. we think right now the u.s. will come in around 16 million units, maybe 17 but the pin up demand because the average age of vehicles is nearly 11 years old. we have room on the second and t
at how commodities, treasuries and currencies performed today. >>> some positive news for the detroit area tonight. chrysler announced plans to spend $52 million on two plants located south of the city. the investment will add an asemiblee line. and the auto maker will also be hiring, nearly 300 jobs. >>> well, there is a renewed push in this country from big retailers to small manufacturers to buy products made here in the u.s. but may be easier said than done. jane wells goes on a shopping spree to see how hard it is to buy american. >> careful. >> reporter: shopping these days is like going to the united nations, the whole world is in your cart. pakistan, china, usa. >> reporter: do we care where most things come from? >> made in america. made in thailand. made in canada. >> reporter: nearly half of americans say they would be more likely to buy a product if stamped made in the usa. 60% of consumers would be willing to pay an extra 10% for american made. >> i don't pay attention to where it was created. >> sometimes i do, sometimes i don't. >> i would like to see more products made
today. lennar ended higher and rye lend, dr horton closed lower. >>> an update on detroit's bankruptcy. the federal judge presiding over the biggest bankruptcy filing in u.s. history order add mediator to handle negotiations with the city's unions and two largest pension funds. the idea is to save money on litigation against the city and speed up a resolution of this historic bankruptcy. >>> turning now to egypt. another day of violence and bloodshed as the military police continue their assault on supporters of oust the president mohamed morsi. from cairo, we have more. >> reporter: a very tense cairo here tonight as supporters of ousted president mohamed morsi continue to clash with security forces, not just here in cairo but across the country. it started after the protesters called for a million-man march, a friday of rage after friday prayers, and that did materialize. what happened around the square area and also some of the bridges, a lot of people have been killed. the images we've seen are very disturbing, very bloody images and mass gunmen in operation with ak-47s entrenching
were the big drivers last month. general motors topped detroit's big three in sales growth with a 16% increase and as you can see they are ford and chrysler posed sales increases of 11%. >> and ford motors in the meantime agreed to pay a top fine to settle a fight. ford will pay the government 7.35 million to settle allegations it was slow to recall nearly a half million ford escapes last year to fix sticking gas peddles. ford knew about the problem, back in may of 2011 but failed to take action until the agency began the investigation a year later. >>> the billionaire investor carl icon is suing dell in an attempt to stop proposed rule changes for tomorrow's scheduled shareholder vote on michael dell's 24 billion-dollar off. it is aimed at stopping dell from rescheduling the vote and changing the record date. mr. icon believes changing the record date could color the outlook outcome but letting more recent shareholders vote. >>> the international trade commission is delaying the decision until august 9th whether to ban certain samsung phones. commission ruled apple violated some sam
dakota has the lowest at just 3%. >>> today was deadline day in detroit for creditors to file objections to the city's filing for chapter 9 bankruptcy protection, and dozens of creditors did just that. most of the earliest objections came from individual retirees worried about their pensions and benefits. the largest creditors in the case plan to file a joint objection. >>> more violence in egypt today. the death toll is now more than 1,000. since protests against the ousted islamist president mohamed morsi erupted last week. now a court ruled to release another ex-president, mubarak. that could trigger more unrest. here is the latest from cairo. >> reporter: it's been another turbulent 24 hours for egypt. starting off with violence in the northern part of the sinai peninsula where we understand that 25 police were ambushed and executed with a machine gun. three of them remain critically injured. that comes off the back of an attempted prison break, we understand from the egyptian ministry of interior, where 36 supporters of president mohamed morsi were killed. the violence is likely to
. mercedes benz tops the list satisfying the largest percent take. lexus is close behind but detroit's big three continue to lose ground against imports. the bottom three entries out of 20 name plates surveyed are all american. jeep, dodge and chevrolet. >> some pig changbig changes to and the benefit's plan. the world's largest provider will open domestic part nebraska ships for benefits. >>> when it comes to planning for retirement, many plan to wing it allowing fund managers to figure out their finances for them but fidelity, the nation's largest retirement provider found the average 401 k balance may not be enough to retire on and urging investors to take a more active role in planning for the financial futures. sharon ener epperson has more. >> i try to save 20% of what i make. >> reporter: but most are not saving enough. >> i think it's impossible to educate, clothe, provide piano lessons and feed your kids and save for retirement now. >> reporter: fidelity, the largest retirement provider found the average balance was 80 thorks ,600 and jumped for those employed in a workplace plan
Search Results 0 to 25 of about 26 (some duplicates have been removed)